Government Leasing
We provide banking solutions including personalized lease purchase finance services for taxing authorities. Our customers include cities, counties, school districts, water districts, hospital districts, and more.
Governmental Finance Solutions
We are a community bank established in Wichita Falls in 1986 with a rich history of banking built on relationships. We are a 5-Star Rated bank with an asset size of over $1 billion. With many years of experience working with taxing authorities and government entities, we know how to get deals done.
What are the benefits of tax-exempt financing?
- Low cost, tax-exempt capital
- Flexible repayment terms
- Maximizes budgeted funds
- Cost of use vs. cost of ownership
- Convenience
- Ability to purchase what you need when you need it
What is a tax-exempt contract?
- A tax-exempt contract allows a taxing authority customer to purchase items they need to operate and make periodic payments over the useful life of the asset
- Included as a line item in the budget and treated as a lease (not debt) under applicable state law
- Interest rates are lower than commercial rates due to tax exemption
- Installment payments are subject to annual appropriations
- Voter referendum is not required
What does First National Bank finance?
- Law enforcement vehicles and equipment
- City and county vehicles
- Fire trucks (all types)
- Ambulances and medical response vehicles
- School buses and district vehicles
- Heavy equipment (all types of road equipment): skid steers, backhoes, mowers, attachments, wheel loaders, bulldozers, excavators, motor graders, rollers, asphalt zippers, oil distributors and more
- Landfill equipment (all types)
- Semi-Trucks: haul trucks, water trucks, dump trucks, and more
- Trailers: dump trailers, equipment trailers, and more
- Cars, vans, SUV’s, and pickup trucks plus all equipment to complete vehicles
If you need it, we can finance it!
Explore More Business Banking Products
Business Accounts
Business checking accounts, business savings accounts and certificates of deposit.
Business Solutions
Our business services can help you effectively manage your money and get you back to growing your business.
Business Lending
First National Bank offers a wide range of options for short-term, seasonal and long-term borrowing needs.